The European Union says it’s planning new sanctions against Belarus in RESPONSE to what it describes as state terrorism and human trafficking. EU officials accuse Belarus of flying migrants in from the Middle East, and then sending them to the …
by JC1812 WASHINGTON — The Internal Revenue Service will begin issuing refunds this week to eligible taxpayers who paid taxes on 2020 unemployment compensation that the recently-enacted American Rescue Plan later excluded from taxable income. The IRS identified over 10 …
by LiteBulb88 There have been a lot of requests asking for an ELI5 version of the $10,200 unemployment compensation exclusion post. So this is my attempt at that; in particular, I want to talk about the concept of withholding taxes and …
by LiteBulb88 Since it’s been asked about quite a bit here, the IRS has released guidance on how to handle the $10,200 unemployment exclusion: https://www.irs.gov/faqs/irs-procedures/forms-publications/new-exclusion-of-up-to-10200-of-unemployment-compensation The basic idea is that you’ll put in your unemployment amount on schedule 1, line …